Tradeweb to Acquire Trumid for $1.97 Billion to Expand Credit Trading

Key Facts

1Tradeweb Markets announced a definitive agreement to acquire Trumid for approximately $1.97 billion.

2The purchase price consists of $1.75 billion in cash and stock, subject to customary adjustments.

Tradeweb Markets announced a definitive agreement to acquire Trumid for approximately $1.97 billion. Business Wire reported that the purchase price consists of $1.75 billion in cash and stock, subject to customary adjustments, as the company moves to expand its multi-asset class platform.

TW closed at $113.49 on October 16, 2026, as the firm seeks to integrate Trumid's electronic credit trading technology to cover the entire bond lifecycle. The stock reached a day high of $113.58 and a low of $110.57 during that same trading session.